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A tractable method to measure utility and loss aversion under prospect theory

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  • Mohammed Abdellaoui
  • Han Bleichrodt
  • Olivier L’Haridon

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  • Mohammed Abdellaoui & Han Bleichrodt & Olivier L’Haridon, 2008. "A tractable method to measure utility and loss aversion under prospect theory," Journal of Risk and Uncertainty, Springer, vol. 36(3), pages 245-266, June.
  • Handle: RePEc:kap:jrisku:v:36:y:2008:i:3:p:245-266
    DOI: 10.1007/s11166-008-9039-8
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    References listed on IDEAS

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    15. Nathalie Etchart-Vincent & Olivier l’Haridon, 2011. "Monetary incentives in the loss domain and behavior toward risk: An experimental comparison of three reward schemes including real losses," Journal of Risk and Uncertainty, Springer, vol. 42(1), pages 61-83, February.
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    25. Starmer, Chris & Sugden, Robert, 1991. "Does the Random-Lottery Incentive System Elicit True Preferences? An Experimental Investigation," American Economic Review, American Economic Association, vol. 81(4), pages 971-978, September.
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    More about this item

    Keywords

    Prospect theory; Utility measurement; Loss aversion; D81;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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